If you own an investment property or are looking to rent out your home, a property management company can help streamline the entire process. They’ll you find ideal tenants, keep payments coming in regularly, and keep you informed about the condition of the property. Knowing what questions to ask when looking for a group will ensure you get the most responsible assistance.
What Should You Ask a Property Management Company?
How Do You Evaluate Tenants?
You want tenants who will actually pay on time and stay in the property for as long as possible. Ask about background searches, credit checks, and tenant placement procedures they use to find the best possible tenants for your property.
What Type of Support Do You Provide?
The point of hiring a property management company is to have them available to respond to tenants and handle their concerns. To do this effectively, they need to have a team that’s available 24/7 and able to respond quickly. They should also be responsive to all of your questions or concerns quickly.
How Do You Market Properties?
Before you can start earning from your property, potential tenants need to be able to find it. Find out if the company lists your property online, uses signs, and produces quality photos and videos to effectively market your product.
What Information Will I Have Access To?
Stay informed about the activity related to your property throughout the entire process. Your company should provide you with monthly statements. Ask if provide access to an online portal of constant updates regarding the condition of your property and any activity that may impact your investment.
How Much Do You Charge for Your Services?
Be sure that the service is going to be a worthwhile expense. It needs to fit within your budget. Compare the costs to the actual services offered and the time and effort that it would free up for you, along with the impact that the service will have on your rental property.
If you’re looking for a property management company in Minneapolis, MN, or throughout the Twin Cities area, get in touch with the professionals at Twin Cities Home Rental. The company has more than 10 years of experience and an A+ rating with the Better Business Bureau®. They offer rental services, from home rental options to condos and apartments, so you can tailor the experience to your specific needs. Visit the company’s website for answers to common questions or call (612) 822-4663 to speak with a company representative.